STR Reports US Hotel Performance for the Week Ending November 3rd - 2012

In year-over-year comparisons, occupancy fell 2.5 percent to 57.7 percent, average daily rate was up 1.2 percent to US$104.40 and revenue per available room decreased 1.3 percent to US$60.22.

The U.S. hotel industry experienced mostly negative results in the three key performance metrics during the week of 28 October-3 November 2012, according to data from STR.

In year-over-year comparisons, occupancy fell 2.5 percent to 57.7 percent, average daily rate was up 1.2 percent to US$104.40 and revenue per available room decreased 1.3 percent to US$60.22.

“Hurricane Sandy affected many key East Coast markets in the U.S., as well as across the country,” said Brad Garner, COO at STR. “Many travelers across the country were stranded due to airport closures along the East Coast. New York City saw relatively favorable results in spite of the storm. Halloween, which fell on a Wednesday this year, also affected the weekly performance, putting a damper on group travel for the week.”